Stephens & Co. Maintains Equal-Weight Rating for CPSI: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stephens & Co. has maintained its Equal-Weight rating for Computer Programs and Systems Inc (CPSI) but lowered its price target from $24.00 to $14.00. CPSI's shares are currently trading at $11.67, and the new price target suggests a potential upside of 19.97%. CPSI provides healthcare solutions and services, with the majority of its revenue coming from the Acute Care EHR segment.
November 10, 2023 | 5:00 pm
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Stephens & Co. maintains an Equal-Weight rating on CPSI and lowers the price target to $14, indicating a potential 19.97% increase from the current price.
The maintenance of an Equal-Weight rating suggests that Stephens & Co. believes CPSI is appropriately valued at its current price, but the reduction in the price target could indicate a tempered outlook on the company's future performance. However, the new target still represents a significant upside from the current trading price, which could lead to positive investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100